FRO - Press release from Frontline Ltd. July 27th, 2009

(Thomson Reuters ONE) - Press release from Frontline Ltd. July 27th, 2009Ship Finance International Limited has sold the single hull VLCCFront Duchess to an unrelated third party.Delivery to new owners is expected to take place in September/October2009. Upon delivery of the vessel to the buyers, the long termcharter party between Frontline and Ship Finance InternationalLimited will be terminated, and the latter will make a compensationpayment to Frontline of approximately $2.8 million for the earlytermination of the current charter party.July 27th, 2009The Board of DirectorsFrontline Ltd.Hamilton, BermudaQuestions should be directed to:Jens Martin Jensen: Chief Executive Officer, Frontline Management AS+47 23 11 40 99Inger M. Klemp: Chief Financial Officer, Frontline Management AS+47 23 11 40 76http://hugin.info/182/R/1330961/314765.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: hugin
Datum: 27.07.2009 - 13:30 Uhr
Sprache: Deutsch
News-ID 3998
Anzahl Zeichen: 0

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London

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Business News

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